Chinese Premier Li Keqiang inspects Samsung factory in Xian... sign of future Korea-China business cooperation?
- 5 years ago
Chinese Premier Li Keqiang made an inspection on Monday of a Samsung semiconductor factory located in Xian, the capital of China’s Shaanxi province.
According to Beijing, Li emphasized how vast the Chinese market is, welcoming global high-tech companies to continue expanding their investments in China.
With almost 15 billion U.S. dollars to be invested in the project, the Xian factory is Samsung's only foreign-based memory semiconductor production line.
Pundits say the visit is aimed at increasing cooperation with Korea as U.S. trade curbs are affecting Beijing's 'Made in China 2025' plans.
According to Beijing, Li emphasized how vast the Chinese market is, welcoming global high-tech companies to continue expanding their investments in China.
With almost 15 billion U.S. dollars to be invested in the project, the Xian factory is Samsung's only foreign-based memory semiconductor production line.
Pundits say the visit is aimed at increasing cooperation with Korea as U.S. trade curbs are affecting Beijing's 'Made in China 2025' plans.